Recorded RBI impact
Fine: Rs 1.80 L
Monetary penalty · Fresh imposition
Published by RBI
21 May 2026
Case Brief
The Reserve Bank of India imposed a monetary penalty on AKG Infin Private Limited by order dated May 18, 2026. RBI said the company did not comply with directions on ‘Acquisition of Shareholding or Control’, specifically by failing to obtain prior written permission for a change in shareholding above 26% of its paid-up equity capital. After a show-cause notice, the company’s reply and oral submissions were considered, and the charge was sustained. The penalty was imposed under Section 58G(1)(b) read with Section 58B(5)(aa) of the RBI Act, 1934.
Why RBI Acted
RBI imposed a monetary penalty on AKG Infin Private Limited after correspondence and a show-cause process found non-compliance with directions on ‘Acquisition of Shareholding or Control’. The sustained charge was that the company failed to obtain RBI’s prior written permission for a change in shareholding exceeding 26% of its paid-up equity capital. The penalty was imposed under Section 58G(1)(b) read with Section 58B(5)(aa) of the RBI Act, 1934.
Operating Impact
AKG Infin Private Limited must bear the ₹1.80 lakh penalty, and the order serves as an enforcement action for past non-compliance. The release does not itself impose a new operational restriction, but RBI notes the penalty is without prejudice to any other action that may be initiated.
Regulatory Basis
- Section 58G(1)(b) read with Section 58B(5)(aa) of the RBI Act, 1934
Action Facts
- Primary Impact
- Fine: Rs 1.80 L
- Order Date
- 18 May 2026
- Effective From
- 18 May 2026
- Entities Affected
- 1
- Entity Role
- Primary
- Entity Type
- NBFC